Wells Fargo & Co Reports Decline In Q2 Earnings


(RTTNews.com) - Wells Fargo & Co ( WFC ) revealed earnings for second quarter that fell from last year.

The company's profit totaled $5.19 billion, or $0.98 per share. This compares with $5.86 billion, or $1.07

	 per share, in last year's second 

quarter.


Analysts had expected the company to earn $1.12	 per share, according to 

figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.1% to $21.55 billion from $22.23 billion last year.

Wells Fargo & Co earnings at a glance:

-Earnings (Q2): $5.19 Bln. vs. $5.86 Bln. last year. -EPS (Q2): $0.98 vs. $1.07

	 last year.
-Analysts Estimate: $1.12

-Revenue (Q2): $21.55 Bln vs. $22.23 Bln last year.

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